United States President Donald Trump has announced a 90-day pause on the reciprocal tariffs he unveiled last week, specifically for countries that have not retaliated against the U.S. and have shown willingness to enter negotiations.
In a post shared on his Truth Social account late Wednesday, Trump stated,
“Based on the fact that more than 75 countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution… and that these countries have not, at my strong suggestion, retaliated in any way… I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
This move comes in the wake of the escalating global trade war, sparked by Trump’s sweeping announcement of a 104% tariff on Chinese goods, which prompted China to retaliate with an 84% tariff on U.S. imports. Earlier today, Trump further intensified the standoff by hiking the China-specific tariff to 125%.
While the tariff truce offers temporary relief to over 75 countries that reached out to U.S. officials, major economies like China, Canada, and the European Union, which have announced or implemented retaliatory measures, are unlikely to benefit from this pause.
Trump emphasized that the U.S. is open to negotiating trade terms on a range of issues including tariffs, non-monetary barriers, and currency manipulation. However, he reiterated his administration’s firm stance that the U.S. will no longer tolerate what he termed “unfair trade practices.”
This announcement adds a new twist to the ongoing global trade disruption and could offer some relief to financial markets, which have remained highly volatile due to tariff uncertainty.
